$80M Malibu Castle Rises From the Ashes and Sets Pricing Record
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It's a location with a storied background. Other than the pier, the former Malibu Castle was the town's most prominent man-made landmark. Folks could gaze up the hills from Malibu's town center and see the towers, turrets, and flags. The parties on the property were also epic—until a devastating fire burned the place to the ground in 2007.
Former New York socialite Lilly Lawrence narrowly escaped being burned to death when one of a string of Southern California wild land fires destroyed her $17 million castle.
The 67-year-old millionairess said she didn't realize the wind-whipped blaze was at the doorstep of her 6,256-square-foot Malibu Hills home until a friend called from New York to tell her.
Lawrence's mansion was among at least 23 homes and businesses damaged or destroyed in the fires.
Lawrence's six-bedroom mansion resembling a 13th century Scottish castle, had appeared in "Fantasy Island" and "The Rockford Files."
It was reported that "The loss is way up in the double-digit millions." She also lost countless heirlooms from her father, Reza Fallah, once the oil minister for the Shah of Iran.
The land lay untouched for several years until a realtor took interest. After the fire, the land was listed for $17 million, but after more than a year of negotiations, an offer of $9.7 million was accepted by the previous owner, philanthropist and “princess” Lilly Lawrence.
Now, a jaw-dropping estate has been built on the site of the iconic Malibu Castle and is priced at $80 million.
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